United States Fiscal Policy, 1945-1959: Its Contribution to Economic Stability

United States Fiscal Policy, 1945-1959: Its Contribution to Economic Stability

Excerpt

This book was originally written in the form of a thesis for the degree of Doctor of Philosophy of Oxford University. I wish to acknowledge my indebtedness to the Warden and Fellows of Nuffield College whose award to me of a Studentship gave me the opportunity for research, and to the English-Speaking Union of the United States, whose award gave me the privilege of spending the academic year 1957-8 in the United States as English-Speaking Union Fellow at Yale University.

I wish to thank, for their assistance and encouragement, my University Supervisor, Mr. P. P. Streeten, and my College Supervisors, Mr. J. S. Fforde and Sir Donald MacDougall. Professors T. Wilson and A. K. Cairncross at the University of Glasgow and Dr. Gerhard Colm of the National Planning Association, Washington, D.C., read the manuscript of the revised version in whole or in part and made numerous useful criticisms for which I am most grateful. I also wish to thank Professor J. R. Hicks and the staff of the Oxford University Press for their advice on making the necessary changes from the original form of this work.

I must thank all those in the United States who gave so generously of their time and trouble to answer my many questions, notably Mr. George M. Humphrey, Dr. Arthur F. Burns, Senator Paul H. Douglas, Representatives Richard Bolling and Stuyvesant Wainwright, and members of the staffs of the U.S. Treasury and the Board of Governors of the Federal Reserve System. I wish to thank particularly Professor J. P. Miller of Yale University, who did so much to help me to get the most out of my year in the United States. And no list of acknowledgements would be complete without an expression of gratitude to the countless hospitable Americans whose comments on matters political and economic helped me greatly in putting into their proper context events and opinions that I had hitherto studied from afar.

I wish to thank for their kindness and helpfulness the staffs of the libraries of Nuffield College, Rhodes House, and the Institute of Statistics, Oxford, the Sterling Memorial Library at Yale, and the American Library, London. In view of suggestions made in the United States in 1959 and 1960 that the facilities of the American . . .